Jakarta, CNBC Indonesia – In the midst of the Composite Stock Price Index (IHSG) breaking through the psychological level of 6,500, which rose 0.78% to 6,536.90, there were two stocks that experienced different fates in today’s trading, Wednesday (13/10/2021).
The two issuer shares in question are the issuer bank belonging to the Djarum Group PT Bank Central Asia Tbk (BBCA) which has just carried out a stock split and e-commerce PT Bukalapak.com Tbk (BUKA).
Today, BBCA shares hit an all-time high on the first day when traded at a new nominal post-stock split.
Meanwhile, BUKA’s shares are at their lowest level since their debut in early August, amid the lego action of foreign investors.
According to the Indonesia Stock Exchange (IDX), BBCA’s shares closed up 2.73% to Rp 7,525/share. The transaction value of BBCA shares reached Rp 1.60 trillion, the highest on the stock exchange.
Meanwhile, foreign investors made a net purchase of Rp 137.8 billion in the regular market, the fourth largest on the IDX.
At a current price of IDR 7,525/share, BBCA shares hit an all-time high, past the highest price ever printed on January 11, 2021, when it closed at IDR 7,345/share (adjusted for post-stock split prices).
The stock market capitalization value of BBCA – which incidentally is the largest in the stock exchange – reached Rp 927.64 trillion.
As is known, today, BCA has officially set a new stock split price with a ratio of 1:5.
BBCA President Director Jahja Setiaatmadja said, with the new price starting to trade today, the company hopes that BCA’s stock price will be relatively affordable and will receive a positive response from investors.
“Especially novice investors who are currently actively investing in the capital market,” he told CNBC Indonesia, Wednesday (13/10/2021).
The company, said Jahja, remains committed to maintaining the solidity of BCA’s fundamentals through continuous performance growth, thereby providing added value to all shareholders.
Meanwhile, the nominal value per BBCA share before the stock split was Rp 62.5, while the nominal value per BBCA share after the stock split was Rp 12.5.
According to the schedule, Tuesday (12/10/2021) yesterday was the last trading day for BBCA shares to be traded at the old par value in the regular market and the negotiated market.
Furthermore, BBCA’s share price with a new par value began trading on the regular market and the negotiating market today.
For information, BBCA’s share price on Wednesday was around Rp 7,320 per share, or equivalent to Rp 36,600 per share before the stock split.
Furthermore, shares with a new nominal value resulting from the stock split will be distributed by PT Kustodian Sentral Efek Indonesia (KSEI) to shareholders on October 15, 2021.
OPEN Shares Break Lowest Level Since IPO
Meanwhile, BUKA’s shares fell 5.44% to Rp 695/share with a transaction value of Rp 672.08 billion. Along with the weakening of BUKA, foreign investors made a net sale of Rp 124.9 billion, the second largest in the stock exchange.
With this, the OPEN stock has weakened for 5 consecutive days. Practically, currently, BUKA’s share price is at its lowest level and below the initial public offering (IPO) price of Rp 850/share.
In a week, BUKA shares fell 16.77%, while in a month they fell 20.11%. Meanwhile, since its debut on August 6, 2021, BUKA’s shares have fallen 18.24%.
As a result, BUKA’s shares coincided with Emtek Group’s shares of PT Elang Mahkota Teknologi Tbk (EMTK), which is the controlling shareholder of BUKA.
EMTK shares fell 1.97% to Rp 1,490/share, continuing the decline in the previous 2 days. Although EMTK shares weakened, foreigners made a net purchase of Rp 18.50 billion in the regular market.
Just so you know, the Emtek Group is currently listed as the controlling shareholder of Bukalapak through PT Kreatif Media Karya (KMK) with ownership of 23.93% shares.
CNBC INDONESIA RESEARCH TEAM
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